Unemployment Rate Rises to 27.1%, says NBS
Nigeria’s unemployment rate increased to 27.1 per cent in the second quarter of the year (Q2 2020), compared to 23.1 per cent recorded in Q3 2018, according to the National Bureau of Statistics (NBS).
The underemployment rate increased to 28.6 per cent from 20.1 per cent in Q3 2018, the NBS added.
According to the Labour Force Statistics: Abridged Labour Force Survey Under COVID-19, which was released recently, unemployment rate among young people (15-34years) was 34.9 per cent, up from 29.7 pet cent, while the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent in Q3, 2018.
These rates were the highest when compared to other age groupings, the statistical agency noted.
Related Posts
Kemi Omotosho takes the helm as CEO of MultiChoice Nigeria
Kemi Omotosho has been named the new Chief Executive Officer of MultiChoice Nigeria, stepping into the leadership of…
ByAfreximbank approves $64m for Levene Energy Gas expansion
–Financing enables strategic acquisition of 30% stake in Nigeria’s Axxela Limited, diversifying investment into West Africa’s gas and…
Dr. Awele Elumelu appointed board chair of Transcorp Hotels
Transcorp Hotels Plc, a subsidiary of Transcorp Group, has announced the appointment of Dr. Awele Elumelu as the…
Standard Chartered completes exit from Cameroon, hands over operations to Access Bank
Standard Chartered has officially completed the transfer of its entire banking business in Cameroon to Access Bank Cameroon,…
Gallery
